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Oct 2, 2012
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how is samsung going to compete? they are going to compete on price price. >> one of the other points is it is not a big enough difference. i am still on the iphone 4. now i am upgrading to the iphone 5. it is not a big enough difference. there is a bunch of issues. >> the financial question and that is how much of a discount to valuation would apple have to suffer if this were the case? if the iphone 5 margins are 55% right now that is what jeffreys is estimating according to their tear down, how much can they sacrifice in terms of the subsidy and make money and be valued? that is the question for investors. >> actually a better question or a very good question equal to that is if the subsidies were to end would the sunsumers pay the premium. people who love apple products would. on the margin people can get other types of phones that are considered pretty good phones and maybe not in the ecosystem. maybe they don't care about the ecosystem. maybe they realize i use my google mail and apple phone and use it all and
how is samsung going to compete? they are going to compete on price price. >> one of the other points is it is not a big enough difference. i am still on the iphone 4. now i am upgrading to the iphone 5. it is not a big enough difference. there is a bunch of issues. >> the financial question and that is how much of a discount to valuation would apple have to suffer if this were the case? if the iphone 5 margins are 55% right now that is what jeffreys is estimating according to their...
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Sep 27, 2012
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i still am loyal to my personal device is a samsung galaxy s2. i don't have it in my pocket because they make me take it out before i'm on camera. i've been in boxes moving over the past couple of weeks. so as soon as i get it unboxed, i'll be upgrading. i also carry apple devices as well. we're a cross-platform company today. you know, without the success of samsung, without the success of android, without the success of iphone from apple, we wouldn't have a market to go after. and it's that competition that leads to innovation throughout the industry. and we're hoping that that growth continues. i mean, four-fifths of the world don't have smartphones yet. and much of the world, including africa, southeast asia, their first interaction with the internet or with financial transactions is going to be through the mobile. it's not going to be through a pc. we're just at the beginning of this mobile revolution around the world. >> omar, thanks for your time. appreciate it. >> thanks for having me. >> omar khan of nq. >> come back and let us know when
i still am loyal to my personal device is a samsung galaxy s2. i don't have it in my pocket because they make me take it out before i'm on camera. i've been in boxes moving over the past couple of weeks. so as soon as i get it unboxed, i'll be upgrading. i also carry apple devices as well. we're a cross-platform company today. you know, without the success of samsung, without the success of android, without the success of iphone from apple, we wouldn't have a market to go after. and it's that...
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Sep 27, 2012
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but there is a risk, he believes, that those people do actually go to a samsung product. >> i suppose there is a risk for sure, but i think that, i mean, this stock will probably a number of times before we see that december quarter it will get excited on that same news. >> there are people walking around with cracked screens who will wait for the iphone 5 on the store. >> there are people walking around with crack who will wait for the iphone. >> what a trade. >> there are people who will literally wait with a broken product. i this i that's a minor risk in the story of apple. >> we have to talk about nike. another big mover. cnbc jackie deangeles is monitoring the shares after they reported a 12% drop in profits. >> you're absolutely right. it was a drop in profits but the numbers actually looked better than expectations. the eps was higher, the revenues were higher. the numbers were lower year on year. 136 for the eps this quarter versus 123. meantime, the company saying that demand in charkts like china was slowing. higher cost of materials used in things like shoes, t-shirts, tha
but there is a risk, he believes, that those people do actually go to a samsung product. >> i suppose there is a risk for sure, but i think that, i mean, this stock will probably a number of times before we see that december quarter it will get excited on that same news. >> there are people walking around with cracked screens who will wait for the iphone 5 on the store. >> there are people walking around with crack who will wait for the iphone. >> what a trade. >>...
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Oct 4, 2012
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we saw a bit of profit taking on samsung electronics ahead of its q3 earnings guidance tomorrow. australian miners were lower, but banks lent support to the afx 200 ending at a 14 month high. weaker than expected august retail sales added to the case for further interest rate cuts. sensex stronger by 1% at the moment. >> let's pick it up with the european markets. equity to modest moves ahead of the bank of england rate decision. we'll have that for you live. louisa will help us figure out what's going on there. dax ahead of the ecb decision up by 0.3%. a few points added on to the cac, as well. spanish market managing to shift up by half of 1%. let's look at what's going on with the bond markets, too. again, in advance of the ecb decision, the ten year in germany very low, 1.45%. in spain, though, where much of the attention will fall. 5.9% right now. we do have a spanish bond auction later, so we'll bring you a bit more detail on that. italy, 5.12% for the benchmark ten year, which is very much more under control. and here in the uk, ahead of the bank of england, 1.69% is where
we saw a bit of profit taking on samsung electronics ahead of its q3 earnings guidance tomorrow. australian miners were lower, but banks lent support to the afx 200 ending at a 14 month high. weaker than expected august retail sales added to the case for further interest rate cuts. sensex stronger by 1% at the moment. >> let's pick it up with the european markets. equity to modest moves ahead of the bank of england rate decision. we'll have that for you live. louisa will help us figure...
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Oct 3, 2012
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you can nail down a samsung for $1300 all in. or you go with -- i've been shopping. for the most part i agree with the picture that bank of america paints with costco. the problem is with the stock. if bank of america is right and they are going to rally 10.5%. that is not enough upside for this guy. the analyst has been wrong. the guy has raised his price from 88 to 94. he tells you not to buy it but he gives a price increase. they think the rally will fizzle though. they know that they have been reinvesting for several quarters. that is something that the former ceo told us. he said we got to take price cuts or keep pricing down to satisfy the customer because the customer is right. bernstein points out that this is something costco has done. that means the company's margins probably won't be as strong as the customer is expecting and this stock could be hammered. the real clincher is what bernstein has to say about valuation. this is what worries me. bernstein points out that costco's stock to remain flat, would have to sell for 20 times earnings. listen to this.
you can nail down a samsung for $1300 all in. or you go with -- i've been shopping. for the most part i agree with the picture that bank of america paints with costco. the problem is with the stock. if bank of america is right and they are going to rally 10.5%. that is not enough upside for this guy. the analyst has been wrong. the guy has raised his price from 88 to 94. he tells you not to buy it but he gives a price increase. they think the rally will fizzle though. they know that they have...
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Sep 26, 2012
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samsung's stock got hit with the apple lawsuit. doesn't apply to the galaxy s3. buy samsung today. we think it's a good long-term holding. >> even though most people think apple. >> but take intel. ten times earnings because people are nervous about pc shipments. intel has a data center business. it's got a 25% return on equity. or go overseas to europe. the eurozone stocks have been hit by the european crisis. vote-a-phone owns 45%. or take kia motors, the large auto company in korea. kia is taking share away from global competitors. even though the eurozone is under real pressure, kia has increased its sales 25% in europe last year by taking market share away there. are good companies generating strong cash flow, strong balance sheets that are taking market share. >> to me it just sounds like you're talking about comcast. don't you wish you recommended that at 19 or 20? >> we're not that worried about the ones that we missed. >> have you watched? >> yes, i have. >> great management. >> great nt
samsung's stock got hit with the apple lawsuit. doesn't apply to the galaxy s3. buy samsung today. we think it's a good long-term holding. >> even though most people think apple. >> but take intel. ten times earnings because people are nervous about pc shipments. intel has a data center business. it's got a 25% return on equity. or go overseas to europe. the eurozone stocks have been hit by the european crisis. vote-a-phone owns 45%. or take kia motors, the large auto company in...
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Oct 3, 2012
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because right now people are saying, let me get into that samsung line. it's the greatest -- >> and then a difficult story to read, nokia apparently considering selling their 55,000 square foot headquarters in finland, burning the furniture. i don't know if they have reached that point or not. >> it does feel like a citizen cain situation burning there. i don't understand. nokia is literally -- it's like someone called me on "mad money" and said, nok means no. not okay. not okay to buy. i mean, people keep wanting to come in and say, listen, this is the bottom of nokia. one of the major things i learned while working in my hedge fund is that stocks do stop at zero so you may get lucky here. >>> when we come back, he's known for his winning bet at subprime. what is kyle bass betting now? especially about japan? and we'll talk to david faber at the barefoot economic summit in texas. then -- >> cuff links, gold ones. >> not on our watch. >> lifelock kicking off a big week for ipos. we'll bring you the opening trade and talk to the ceo about his company's wal
because right now people are saying, let me get into that samsung line. it's the greatest -- >> and then a difficult story to read, nokia apparently considering selling their 55,000 square foot headquarters in finland, burning the furniture. i don't know if they have reached that point or not. >> it does feel like a citizen cain situation burning there. i don't understand. nokia is literally -- it's like someone called me on "mad money" and said, nok means no. not okay....
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Sep 27, 2012
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samsung second biggest offering. hugely overdescribed. mexico fundamentally to most people seems like a place that's having such a difficult moment. but nevertheless appeals to investors. is that your view, as well? >> it does look a popular choice to the vin tors. at least doing better than some of the other industrial economies and growing at a reasonable pace. and i think the fact the central bank is willing to let the currency appreciate does attract investors into that market. >> is there any sign it's becoming frothy? >> i don't think so. i think there's some room to go. >> give us a sense, where do you think the flows, the bulk of the flows will go between those two regions? >> what we've seen so far, much more of a preference for flows to go into latan. i think the underlying growth story there is perhaps a bit better than in asia. and also i think for most there's much more willingness to allow currencies to appreciate. in asia, what we see is central banks. you because the growth story is weak, even if flows do pick up here, i t
samsung second biggest offering. hugely overdescribed. mexico fundamentally to most people seems like a place that's having such a difficult moment. but nevertheless appeals to investors. is that your view, as well? >> it does look a popular choice to the vin tors. at least doing better than some of the other industrial economies and growing at a reasonable pace. and i think the fact the central bank is willing to let the currency appreciate does attract investors into that market....
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Oct 2, 2012
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losses in hyundai motor were offset by gains in samsung electronics. the company also added the iphone 5 to its patent battle in the u.s. technology shares lent support to the taiwan market. mainland china bourses remain closed for the whole week and we'll check in with the hong kong and indian markets when they resume trading tomorrow. back to you. >> thanks very much for that. so that's where we stand right now ahead of the u.s. trading day. october known as a jinx month for u.s. markets because of historic crashes in 1929 and 1987, but how october goes doesn't always translate into a negative for the entire fourth quarter. since 1980, the fourth quarter has traditionally been the best quarter of the year for both the dow, s&p 500 as well as the nasdaq. joining us is partner at bell curve. morning, bill. good to see you. the thing is, we've had a pretty good third quarter, pretty good year, so how does that set us up from a technical point of view? >> well, i think there are two strats that we're looking at. short term over the next month before the
losses in hyundai motor were offset by gains in samsung electronics. the company also added the iphone 5 to its patent battle in the u.s. technology shares lent support to the taiwan market. mainland china bourses remain closed for the whole week and we'll check in with the hong kong and indian markets when they resume trading tomorrow. back to you. >> thanks very much for that. so that's where we stand right now ahead of the u.s. trading day. october known as a jinx month for u.s....
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Sep 27, 2012
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it remains to be seen now that the iphone 5 is out and the samsung galaxy iii is out in the channel. >> all right, john. thank you so much. stock up big, 14% higher on r.i.m. up next, europe is a mess. the u.s. and china are slowing down. where is global growth coming from? bob hormats is with me. >>> then, it seems like a number of americans are learning a bad habit from washington. we'll tell you which one next. e, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a lo
it remains to be seen now that the iphone 5 is out and the samsung galaxy iii is out in the channel. >> all right, john. thank you so much. stock up big, 14% higher on r.i.m. up next, europe is a mess. the u.s. and china are slowing down. where is global growth coming from? bob hormats is with me. >>> then, it seems like a number of americans are learning a bad habit from washington. we'll tell you which one next. e, brochures, posters copies of my acceptance speech. great! it's...
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Sep 28, 2012
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in south core re, a samsung and hyundai supported the kospi. australian market ended about flat as investors took profit on defensive plays. >>> european policymakers, made grid's budget a major step towards recovery, but today the government must brace for the results of the banking stress tests. teach sedgwick has been following the story for us all week out of madrid. steve, good morning. sounds like we may not know the results of the stress tests until well after the afternoon. >> yesterday i had an interesting question, he said what time is the budget due. i said about an hour and a half ago. and that's the problem with communication here in spain. we don't get finite times of when things will happen until very often after they've started. in the end of course we got the spanish budget announcement somewhere in the region of 5:00 p.m. local time having been told the press conference will be at 1:30. so after market seems to be the consensus at the moment. when that means could mean up until monday, i guess. but in terms of the stress test
in south core re, a samsung and hyundai supported the kospi. australian market ended about flat as investors took profit on defensive plays. >>> european policymakers, made grid's budget a major step towards recovery, but today the government must brace for the results of the banking stress tests. teach sedgwick has been following the story for us all week out of madrid. steve, good morning. sounds like we may not know the results of the stress tests until well after the afternoon....
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Oct 3, 2012
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i think they're forced in to it because they're actually competing against the samsung galaxy note at this point. they're forced into that. so if i were a buyer, i would either buy google or i'd be a buyer of amazon and i would wait to see what happens with apple. i think it can go $50 or $60 lower before you see the run back up. >> brian kelly, the trade of late has been impressive, a dramatic rise. it's outperformed apple. you can see that on the chart. it tells a really good story. are you buying the story? >> certainly if you're buying the stock here, you've missed a good portion of the run. >> if you buy apple here, you've missed the run, too. >> we have something to shoot against. apple you have something to shoot against. you have the 650 level which it seems to be holding against that. you can buy apple here. and we just heard that there is a product cycle here. we have the ipad mini. we potentially have the apple tv coming in next quarter or the next year. and to me i'm not that worried about the margins. it's kind of like a king cut prime rib which bk likes to order and a qu
i think they're forced in to it because they're actually competing against the samsung galaxy note at this point. they're forced into that. so if i were a buyer, i would either buy google or i'd be a buyer of amazon and i would wait to see what happens with apple. i think it can go $50 or $60 lower before you see the run back up. >> brian kelly, the trade of late has been impressive, a dramatic rise. it's outperformed apple. you can see that on the chart. it tells a really good story. are...
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Sep 28, 2012
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will it create end roads for rivals like google and samsung? jay thinks is this a troubling sign while roy says the issue really is minor. jay, this is more evidence for you that you feel apple's better days are behind them, yes? >> well, their best days were just when they invented the iphone and the ipad. i don't know how any company will have better days than that. i think they still have very good days ahead of them. i think this is a worrisome sign because it's software that's core to the company, core to the experience of the ipad and iphone. they had to get it right. they knew they couldn't screw this up. somehow they did screw it up. >> roy, you said tim cook did the right thing by apologizing and it's not such a big deal. tell us how you feel. >> definitely. when the original iphone 4 rolled out, steve jobs' immediate response was, you're holding the phone wrong. he got a lot of backlash. a few days later, they released bumpers to everybody. they admitted there was an issue. they changed it. obviously there was an error and they've fix
will it create end roads for rivals like google and samsung? jay thinks is this a troubling sign while roy says the issue really is minor. jay, this is more evidence for you that you feel apple's better days are behind them, yes? >> well, their best days were just when they invented the iphone and the ipad. i don't know how any company will have better days than that. i think they still have very good days ahead of them. i think this is a worrisome sign because it's software that's core...
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Sep 26, 2012
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system works relative to what i already have, i'll go buy a smartphone or tablet from amazon or apple or samsung instead and that will work just fine. that's something microsoft hasn't had to deal with in a very, very long time. >> let's drill down a little bit. what does that mean for the dells and the hewlett-packards of the world? are pcs going the way of the vcr and the eight-track? >> you're on the right track. in the '70s, you had mainframes and ibm was king of the hill. i worked at digital equipment corporation in the '80s where they said having computers the side of a building wasn't a right idea. digital equipment corporation took over. and then in the 1990s, you had these companies saying, maybe melissa lee wants a pc on her desk. and then you had companies like dell and hewlett-packard and compaq come up. now you're in the point where -- i just went to europe. i brought my tablet and my smartphone and that was good enough. you're seeing a transition to another event dominated by tablets and smartphones. and companies like dell and hp don't have good offerings in that territory. and mi
system works relative to what i already have, i'll go buy a smartphone or tablet from amazon or apple or samsung instead and that will work just fine. that's something microsoft hasn't had to deal with in a very, very long time. >> let's drill down a little bit. what does that mean for the dells and the hewlett-packards of the world? are pcs going the way of the vcr and the eight-track? >> you're on the right track. in the '70s, you had mainframes and ibm was king of the hill. i...
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Oct 2, 2012
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apple now its iphone 5, according to samsung, infringes on patents in a different suit. microsoft today look at biotext, bob talked about strength in health care today, certainly moving to biotext, 1% today. among the leader there is, i will lumina, london times reporting maybe it could get another bid from roche for a buyout. accord da they are rah put ticks joining the s and p 600 and gill jabbed on fire. >>> to the bond market and the pits and rick santelli is there hi, ricky. >> hi. watching the volatility plum net treasuries, a two-day chart of tenures are, side way, the ekg of a calm person, certainly not me. if you open this up to one-week chart, we have been in like a 4 1/2 basis point closing range, going nowhere quickly, hovering in the low 160s. hey, the reserve bank of australia cult rates. look at the intraday chart of the aussie versus the green back. see deterioration there a bit. if want to stick with the currency theme, look at the dollar index year-to-date. of course it got drilled when it expect spd qe 3, once it arrived, a bare uptick, very small, but
apple now its iphone 5, according to samsung, infringes on patents in a different suit. microsoft today look at biotext, bob talked about strength in health care today, certainly moving to biotext, 1% today. among the leader there is, i will lumina, london times reporting maybe it could get another bid from roche for a buyout. accord da they are rah put ticks joining the s and p 600 and gill jabbed on fire. >>> to the bond market and the pits and rick santelli is there hi, ricky....
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Sep 28, 2012
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but will next year's blackberry 10 help stop the loss of market share to companies like apple and samsung, thorsten heins will join us first on cnbc. >>> the fight for the swing states. senator rand paul hoping to bring libertarian and tea party voters into the romney camp. we'll ask him about his message to voters in battleground states just north of his like ohio. >>> and it's the final trading day of the third quarter. find out what's making you money and what's dragging your portfolio down in our sector spotlight. >>> the third hour of "squawk box" starts right now. ♪ what does that mean nothing going to break my stride nobody going to slow me down ♪ ♪ oh no i got to keep on moving ♪ >> welcome back. i don't know. welcome back to "squawk box" here on cnbc first in business worldwide, i'm joe kernen along with becky quick and andrew ross sorkin, and our guest host is bethany mclean, author "the smartest guy in the room" the account of record on the fall of enron and she's a cnbc contributor and -- >> and also her doubles are here, her most recent book. >> we had seamus on last
but will next year's blackberry 10 help stop the loss of market share to companies like apple and samsung, thorsten heins will join us first on cnbc. >>> the fight for the swing states. senator rand paul hoping to bring libertarian and tea party voters into the romney camp. we'll ask him about his message to voters in battleground states just north of his like ohio. >>> and it's the final trading day of the third quarter. find out what's making you money and what's dragging...
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Sep 28, 2012
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samsung. you can't talk about an android selling phones to carriers. it's lg and htc and motorola. a lot of them are not doing well in the android platform. and i think rim has a real shot by own iing their platform and software and having this loyal user who value the experience. they are going to come out of the gates with a strong couple quarters and win back market share. >> i mean you may be an app developer for all i know, but if you were one and you could only develop for one platform, would it be for blackberry? >> that's a good question. here's the thing. you're going to go where people are. there's two ways to look at it. there's a pint up demand on blackberry 10. and a lot of successful developers go to that. i know a lot of blackberry fans who made a lot of money on blackberries. and apple has more users. it could be an overnight success but there's a lot of stories you don't hear about who are spending a lot of money and not making any money and not getting the download. there's so much conversation. >> final question. how much of the success of the 10 depends on the k
samsung. you can't talk about an android selling phones to carriers. it's lg and htc and motorola. a lot of them are not doing well in the android platform. and i think rim has a real shot by own iing their platform and software and having this loyal user who value the experience. they are going to come out of the gates with a strong couple quarters and win back market share. >> i mean you may be an app developer for all i know, but if you were one and you could only develop for one...
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Oct 1, 2012
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. >> almost sounds like you're coming down on the samsung lawsuits back and forth. everybody is suing everybody for i thought of it first, i came up with it the right way. >> that's the real problem in the high tech world is when you lose out in the marketplace you sue somebody. i wish we could get rid of all that crap. >> craig, stay where you are. julia, thank you for the report, very interesting stuff this morning. >> it is. >>> coming up more from craig barrett on the state of education and the future of america and later the first trading day of the fourth quarter ready to kick off on wall street. what's ahead this quarter and beyond with jeremy siegel. "squawk" is coming right back. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) h
. >> almost sounds like you're coming down on the samsung lawsuits back and forth. everybody is suing everybody for i thought of it first, i came up with it the right way. >> that's the real problem in the high tech world is when you lose out in the marketplace you sue somebody. i wish we could get rid of all that crap. >> craig, stay where you are. julia, thank you for the report, very interesting stuff this morning. >> it is. >>> coming up more from craig...